7. Bank Recapitalization
It is an attempt to save and strengthen more than 20 Public Sector Banks by infusing cash in return for them implementing a series of reforms. The Indian Government unveiled a Massive Rs 881.4 Billion, two year roadmap, to clean up their debt ridden balance sheets, introduce strong reforms in PSU banks and to give a strong push to the job creating MSME sector. IDBI bank, the Bank with highest Non-Performing Assets, got the maximum share of recapitalization with Rs 10, 610 Crore to maintain regulatory capital.